Strategy Spent $51 Million on Bitcoin at $124,000 — Just Before a Sharp Drop
The post Strategy Spent $51 Million on Bitcoin at $124,000 — Just Before a Sharp Drop appeared on BitcoinEthereumNews.com.
Key highlights: Strategy bought 430 BTC for $51.4M at $119K average as Bitcoin hit $124K then fell Michael Saylor calls market swings a gift for long-term believers Company now holds over 629K BTC worth $77.2B at peak value Strategy (MSTR), the business intelligence firm led by Michael Saylor, made another bold move in Bitcoin acquisition — this time purchasing $51.4 million worth of BTC as prices hit a new all-time high. The company acquired 430 BTC at an average price of $119,666 per coin, during a volatile week when Bitcoin surged to $124,000 and then quickly fell back to $115,000. Buying into extreme volatility According to a document filed with the U.S. Securities and Exchange Commission (SEC) on August 18, the $51.4 million purchase was completed over the past week. The timing couldn’t have been more volatile, highlighting the aggressive nature of Strategy’s Bitcoin accumulation plan. With this latest acquisition, MicroStrategy’s total Bitcoin holdings have grown to 629,376 BTC, acquired at a cumulative cost of $46.15 billion, with an average price of $73,320 per coin. Source: bitbo August sees “modest” buys, but momentum builds Interestingly, the latest 430 BTC purchase follows a smaller buy of just 155 BTC the week prior—relatively minor compared to previous activity. For MicroStrategy, these recent moves could be considered “small change.” Just weeks earlier, between July 14 and August 3, the company purchased 31,466 BTC across three large buys. In June, it acquired another 17,075 BTC. Meanwhile, Japan-based investment firm Metaplanet also entered the market, buying 775 BTC for $93 million at an average price of $120,006 per coin—nearly double MicroStrategy’s BTC volume that week. Saylor: “Volatility Is a Gift for the Faithful” As Bitcoin fluctuated between record highs and steep pullbacks, Michael Saylor remained publicly optimistic. On August 14, just as Bitcoin began dipping…
Filed under: News - @ August 19, 2025 10:29 am